LINKUSD Short Term Bullish Up Move
Hi everyone:
Also paying attention to LINK as we have similar bullish reversal price action on the LTF.
After price dropped down from the bearish sell off, we see a descending structure forming, correcting the price within.
Its a good indication that we have double bottoms, bullish reversal impulse to break out of the descending price action.
This give us a good confluence that the bearish momentum may be exhausted, and we can expect some short term up move.
Now that the LTF price has a clear impulse up, wait for a continuation correction to form and complete, before jumping in on the buy to recent highs.
thank you
Impulse
Ripple Bullish Continuation Price Action
Hi everyone:
Ripple has a clean bullish price action on the lower time frames, and is also align with the overall higher time frame bullish outlook as well.
We can see a strong HTF bullish impulse up move, and now the price is in a larger continuation correction structure.
With a few swing highs and lows, price made a double bottoms, and a bullish reversal out of the smaller, LTF descending channel.
Now that price has indeed impulse up, and formed LTF continuation correction, good to look for entries now to the top of the HTF correction.
Thank you
EURUSD Did You Buy from the bottom ? What to expect now ?
Hi everyone:
Let's take a detailed look into EURUSD bullish up move since last week, and what to expect from the current price action moving forward.
We can start off by looking at the HTF overall price action, and properly identify the corrective phase on the HTF could be potentially finished, and the next impulse up move can begin.
Start looking at the LTF price action, there are many reversal price action developments at the bottom to give us clues on the bullish reversal potential.
Once price had the first initial impulse phase on the LTF, we start to see further upside from the price, as they continue to form bullish corrections, followed by bullish impulse and so on.
Now that price has broken above the previous high, around 1.18, no signs of slowing down at the current stage. So what can we expect now from the price ?
Preferably is to see if price has enough momentum to break above the top of the HTF descending structure, and continue to form bullish correction to push to the next highs.
Alternatively, if price fails to break out, and there are LTF reversal price action at the top of the structure, then look to secure profit by moving up the SL and observe the price.
Take a look at DXY, we can also see clear USD weakness can happen.
As a good risk management, focusing on the best 1-2 USD pairs to evolve would be ideal.
Any questions, comments or feedback welcome to let me know thank you :)
How to use trendline to identify price action structure/patternHi everyone:
Many have asked me about how to properly use trendlines to identify price action structures and patterns. So in today’s educational video, I will go over this topic in more detail.
First, I use the trendline as a “frame” to identify structures and patterns, and NOT use it as a Support/Resistance.
What I do is to put in the trendline for the highs and lows of the price action that can help me to pinpoint what the price is doing, what kind of a correctional structure that it is currently in.
Typically after an impulse phase of the market, then we start to identify a structure/pattern by connecting the swing highs and lows.
Second, as I always point out in my videos/streams, a structure/pattern needs at least 2 swing highs and lows to classify as a structure.
Certainly more swing highs and lows are good, but it's not necessary. Often I get asked about the “third touch” or more. To me it's not necessary, but if price does form the third touch, I would proceed the same as the price has a second touch.
Third, we are identifying the price action correctional structure, and sometimes the market is not perfect, it will not give you a textbook looking bullish flag as an example.
Hence the backtesting and chartwork from each trader is important to get your mind familiarized with the market and its “imperfect” development of the price action.
After identifying the impulse phase, then look to see what the market is doing. Is it falling into a consolidation ?
Not much movement except sideway price action, or ascending/descending like consolidation will give you a clue on whether the price is correcting to continue, or correcting to reverse.
Take a look at the educational videos I have made in the past regarding the type of correctional structures we typically see in the market. All the videos are down below.
Continue to backtest and do chart work to get familiar with drawing in the structures/patterns. The more you do these, the better and easier it is for you to identify them in your trading journey.
Remember, the market is not perfect, so not all the structures/patterns will be “Textbook” like on the real, live market. Learn to deal with the “imperfect” market, so you can better utilize price action analysis to your advantage.
Any questions, comments or feedback welcome to let me know :)
Thank you
Below are all my price action structures/patterns videos on different type of corrections.
Continuation and Reversal Correction
Identify a correction for the next impulse move in price action analysis
Impulse VS Correction
Multi-time frame analysis
Continuation Bull/Bear Flag
Parallel Channel (Horizontal, Ascending, Descending)
Reversal Ascending/Descending Channel
Reversal Rising/Falling Wedge
Reversal Double Top/Bottom
Reversal Head & Shoulder Pattern
Reversal “M” and “W” style pattern
Reversal Impulse Price Action
Continuation/Reversal Expanding Structure/Pattern
DOGE More Continuation, Watch for buys
Hi traders:
From my previous DOGE analysis, price was able to push higher with smaller, lower time frame continuation corrections.
Now we can see a bigger consolidations, and another bullish flag correction is formed.
With a few swing highs and lows to form a correction, we also have an inverse Head and Shoulder on the bottom, and price is looking clean for another impulse phase.
Watch the LTF price action for the upside move, and possible scale in once price does impulse out of the continuation correction.
thank you
Weekly Trading Recap: EURUSD, SILVER,CARDANO August 29 2021Hello everyone:
Welcome back to this week’s trading recap video.
Let's take a look at the trades entered/closed this week from me.
I will explain my approach on the entry, SL, TP and management.
EURUSD: 2 positions running for +5.5% profit
Full analysis/forecast:
SILVER: Running position, +0.5% profit
Full analysis/forecast:
ADAUSD: 2 positions closed down for BE total
Full analysis/forecast:
Any questions, comments or feedback please let me know. :)
Thank you
Jojo
Silver Bullish Up Side, Dont miss the buy Hi traders:
Was on a mini vacation during the week, so not many posts from me :)
However, still in both of my EURUSD positions and manage get in on Silver as well.
We can see after the bearish impulse down, price didn't not form continuation to go down further, instead, its a bullish reversal impulse phase.
Then price begin to form into a bigger flag/channel correction to correct the bullish up move, good sign of a continuation price action.
After a few swings highs and lows, double bottoms, price pushed up, and created a smaller bullish continuation correction.
Look for further upside with any lower time frame continuation price action to push the price higher to the swing highs as potential target.
thank you
USD Index Bearish Outlook Price Action Analysis
Hi everyone:
As we can see the current EURUSD price action is pushing to the upside, manage to still hold onto the 2 positions I have.
We know DXY will have inverse price action like EURUSD, so lets take a closer look now.
After the strong bearish move down on the higher time frame, price naturally needs to correct for a period of time if we are going to see further downside from the price.
We can see price started to form the higher time frame flag/channel correction, correcting within.
Latest price is started to give us more positive confluence for a bearish outlook. There is a clear few swing highs and lows of the price, with a double tops.
On the lower time frame price once again formed an ascending channel reversal, reverse down from the double tops, and top of the HTF structure.
We then see a clear bearish impulse pushed down, and continuation correction was form on the lower time frame.
Be on the look out for further downside price action next few days to push the price down to the lows.
thank you
Daily & H4 Bullish SetupsWhen you look at the daily time frame on Gold , marked in orange, you can see the impulse on the left, the corrective structure and a break of that corrective structure to the upside. The price pulled back after the break and is currently forming the same setup on the H4 time frame, marked in pink. This will confirm the bigger move and price is currently trading at the resistance of the structure.
It is however important to note that there is the Jackson Hole Symposium today which could cause big market moves so it would likely be advisable to look at entering this trader after the market has calmed down from the news.
I am already in a long position but will add into it when the H4 structure breaks to the upside.
Happy Trading!
Linton White
QuickTrade
This information is not intended as advice or as a trading signal. Should you use this information in any way whatsoever, you do so at your own personal discretion.
GBPUSD - SHORTConsider the development of the South Impulse in the supply area. The target is - POC.
GBPUSD - SHORT
ENTRY PRICE - 1.41200
SL - 1.42050
TP - 1.39480
Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments.
Have a nice day!
XAUUSD - LONGConsider the development of an North Impulse after the price has crossed the POC of accumulation . The target is the supply zone.
XAUUSD - LONG
ENTRY PRICE - 1806.00
SL - 1794.00
TP - 1851.00
Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments.
Have a nice day!
USDSGD Bearish Reversal, Expect Down Move here
Hi everyone:
Here on USDSGD, there's potential opportunities for a bearish continuation to happen.
We can see after a strong bearish impulse phase on the higher time frame, price begin to correct within a larger expanding correctional structure.
With a few swing highs and lows, price had a move up, but failed to continue higher. with any further bullish corrections.
Instead it formed a reversal impulse move down, follow by a bearish continuation.
This all good indication that the expanding structure has hit the top, and a bearish continuation of the higher time frame is possible.
Watch for lower time frame price action to form continuation correction after breaking out to look for entries down the recent lows.
Thank you
EURUSD Third Time Is a Charm for the buy
Hi everyone:
Last Friday we had some reversal price action across the market, and EURUSD happens to have the best possible development among the USD pairs.
We can see the larger, descending structure correcting the price down to the higher time frame double bottoms.
Price did initially try to push higher from my previous long analysis, but failed to continue higher.
Then we see another corrective move down from the price, forming a smaller lower time frame descending channel.
Latest development shows us a bullish reversal impulse break up, out of the descending channel.
Be on the look out for any LTF continuation correction for the buy up to the recent highs and top of the descending structure.
thank you
CARDANO Broke All Time High, Now What ?
Hello traders:
ADA has been in a strong bullish pushed up from the HTF bullish reversal structure, and is now at the all time highs level.
From my previous analysis after price impulse out of the HTD descending strucu4tre, the price did indeed impulse up just as expected.
Now we are at the all time highs, few possibility can happen here.
While I am certainly bullish in this type of scenario, lets dig into what can we expect from the price this point onward.
ideally, we are going to get a consolidation here on the price, forming a bullish continuation on the lower time frames, and once the correction completes we can certainly get another move up.
So its best to be patient here to wait for the consolidation to happen and complete to confirm the next upside impulse.
Any continuation correction structure such as flag, channel, flat, triangle, pennant...etc. is sufficient and valid.
On the other hand, because the price hits all time high, we need to also consider a possibility of a reversal.
While I certainly favor the bullish bias and perspective, having a trading plan and forecast the different outcome will help us to be more consistent and sustainable.
So, if the price instead start to develop bearish reversal price action, say double tops, Head and Shoulder, Ascending channel, "M" reversal...etc.,
then that is a sign from the market that the bullish momentum is exhausted, and we might end up seeing a HTF double top and reverse down. So watch out for price development on the LTF is key.
Thank you :)
Weekly Trading Recap: CADJPY, SPX, DOW, USDJPY, EURUSD Aug 21
Hello everyone:
Welcome back to this week’s trading recap video.
Let's take a look at the trades entered/closed this week from me.
I will explain my approach on the entry, SL, TP and management.
CADJPY: Out for +6.9% profit
Full analysis/forecast:
SPX: Out for +1% profit
Full analysis/forecast:
DOW: Out for +1% profit
Full analysis/forecast:
USDJPY: Out for +3.5% profit
Full analysis/forecast:
SILVER: Out for +0.5% profit
Full analysis/forecast:
EURUSD: Out for BE
Full analysis/forecast:
Any questions, comments or feedback please let me know. :)
Thank you
Jojo
US INDICES..What can you expect from the bearish price action ?
Hello everyone:
Let's take a closer look into the US indices overall, specifically on NASDAQ, SPX, DOW JONES. With the latest development from the lower time frames, we can potentially get the larger bearish correction that we have been patiently waiting for.
Take a look at the price action from a multi-time frame, top down approach. We can reasonably see some higher time frame developments are similar in the past from the Coronavirus period, and bearish price action on the lower time frames as well.
NASDAQ
Higher Time Frame:
Lower Time Frame:
SPX -
Higher Time Frame:
Lower Time Frame:
DOW JONES -
Higher Time Frame:
Lower Time Frame:
Any questions, comments or feedback, welcome to let me know :) thank you
CADCHF Continuation Downside, Watch for correction
Hi everyone:
Some big movement in the last few days on USD. CHF, JPY pairs, and I was able to get in on the CADJPY sell.
Looks like CAD pairs are getting weaker, and I can expect CADCHF to also continue its bearish price action.
We can see after the initial bullish up move, price formed a pennant/triangle correction, but didn't not continue its originally move up.
Instead it was reversal correction, price then push down impulsively, and formed a continuation correction.
Latest price manages to impulse out of the correction, good sign of continuation.
I will be waiting for a lower time frame continuation correction to form and complete, before jumping onto another sell on the CAD.
Thank you
CADJPY Reversal Price Action, look for continuation down
Hi traders:
We can see here on CADJPY, after failed to continue after breaking the higher time frame double tops,
price begin to reverse down, hit the previous swing lows, and formed into a correction.
Price is in the process of the the bigger Head and Shoulder pattern,
and we can see clear impulse down from the continuation correction.
To confirm further downside potential, watch for lower time frame bearish continuation correction to form and complete,
before looking for the next move down.
In addition, if price manages to break below the previous lows, and continuation price action,
then expect further downside on the mid-long term outlook.
thank you
Higher time frame:
BTC/USDT - Ascending Broadening Wedge PatternBitcoin currently forming an Ascending Broadening Wedge Pattern. We just experienced a correction that should follow an impulse with a healthy pump. If BTC stays within the wedge then we could see a bullish move to 48K. If that resistance breaks then we could see 50k plus. BTC always comes with surprises so if it breaks downwards then we could see a bounce back from 44k or 43k.
This is not financial advice please DYOR.